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	<title>The Forward Lean</title>
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		<title>Today’s Idea: A Social Enterprise YCombinator in New York City</title>
		<link>http://theforwardlean.com/2011/01/26/todays-idea-social-enterprise-ycombinator-in-new-york-city/</link>
		<comments>http://theforwardlean.com/2011/01/26/todays-idea-social-enterprise-ycombinator-in-new-york-city/#comments</comments>
		<pubDate>Thu, 27 Jan 2011 04:48:07 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=161</guid>
		<description><![CDATA[My idea is to use the best elements of YCombinator as a model for funding social enterprises in New York City. I want to create a non-profit which uses a cohort or batch model to fund social enterprises. This NFP would give the fellows start up capital, weekly dinners with relevant experts, and the social [...]]]></description>
			<content:encoded><![CDATA[<p>My idea is to use the best elements of YCombinator as a model for funding social enterprises in New York City. I want to create a non-profit which uses a cohort or batch model to fund social enterprises. This NFP would give the fellows start up capital, weekly dinners with relevant experts, and the social support and pressure of other fellows.</p>
<p>Ultimately, the goal is to create many more long-lasting social enterprises addressing the City&#8217;s problems. In some ways, like YCombinator or Techstars we would serve as a screening mechanism, by which philanthropists and Foundations might feel more comfortable investing if someone went through the program. But, more importantly, we would support founders in their journey toward doing both good and well. By creating an environment where experts and support can be provided to a group at once, where social entrepreneurs in the City know and reenforce each other, we can make the City a more just, equitable and fair place.</p>
<p>To steal Ashoka’s definition of a social entrepreneur, I mean people that “individuals with innovative solutions to society’s most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change.” There are a ton of places to support the next big web applications, but not enough places supporting the next crop of social enterprises, more importantly, by using YC&#8217;s model of funding in batches, with everyone in New York City, we get economies of scale and support that Echoing Green or Ashoka don&#8217;t see.</p>
<p>Exemplars to look to in the City might include Geffeory Canada from Harlem Children’s Zone and Elisabeth Mason at SingleStop USA. Although the latter is now a national organization, it began with a New York focus, something we would demand of our companies. This way we can create an experience and support network which is topical, focused and relevant.</p>
<p>So, let’s say twenty start-ups a year. They get 100k over two years, health insurance and a great deal of technical assistance in everything from financial analysis to local politics. The twenty of them are pulled together once a week for dinner where some expert on social entrepreneurship or the City speaks for the first six month. Like others, we invest in passionate people with good ideas. We can provide the access to funders, the critical eye to improve ideas, and a lot of expertise, but we cannot replace the single-minded, driven, crazed founder who wants to make a difference. If you are not incorporated, we will pay your legal fees (or someone will do it pro bono), and for 501(c)3, we would serve as a tax-free pass through. The only requirements are that you have to be in New York City, you have to have a social purpose, and you have to be less than two years old. For companies that are non-profit we expect to be paid back within 10 years (that is, its more a loan than anything else), if they are for-profit we expect 3-5% equity like a seed-stage fund. The ultimate goal is that after some infusion of cash into the social incubator (as an NFP/Foundation), that it would be self-sustaining in the long-term.</p>
<p>We also want to support the people selected for the fellowship in making connections among themselves (ultimately making a alumni base that will support one another), as well as the people and institutions in New York. We want to create a central hub by which institutional and individual relationships are built and maintained on behalf of the Fellowship and its future members, so that fellows have a network of experts in the social entrepreneurship, not-for-profit, political, academic, and economics development communities to draw on.</p>
<p>There is one organization in the City that does work similar to this, the Blue Ridge Foundation, who give cash grants and a high level of direct engagement from Foundation staff. Fundamentally the difference is that they have ten NFPs in their current portfolio and six alumni, where this NFP or Foundation, ideally a public/private partnership, will support twice that many social enterprises each year.</p>
<p>To sum up: I think the most impactful thing we can do is 1) Give the entrepreneurs breathing room to work on their idea 2) Provide them technical assistance and our experts 3) Help them with fundraising, in a sense we are their board until they get one, although we wouldn&#8217;t necessarily want a spot on their board and we make connections to donors and last 4) We could provide institutional access, that is, ideally we would have relationships in the City, so if they wanted to work on schools we could help them with DOE, they wanted to work with children, we could help them with ACS, etc. That is, social enterprise is more inherently political than other companies.</p>
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		<title>Birthright Craziness</title>
		<link>http://theforwardlean.com/2011/01/04/birthright-craziness/</link>
		<comments>http://theforwardlean.com/2011/01/04/birthright-craziness/#comments</comments>
		<pubDate>Tue, 04 Jan 2011 22:42:37 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=156</guid>
		<description><![CDATA[So a bunch of crazy legislators in Arizona and other states are going to try to pass laws restricting the issuing of birth certificates to illegal immigrants children. They claim that the 14th Amendments provision that &#8220;all persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the [...]]]></description>
			<content:encoded><![CDATA[<p>So a bunch of crazy legislators in Arizona and other states are going to try to pass laws restricting the issuing of <a href="http://www.nytimes.com/2011/01/05/us/politics/05babies.html" target="_blank">birth certificates to illegal immigrants children</a>. They claim that the 14th Amendments provision that &#8220;all persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside&#8221; has been misinterpreted. They contend that they will be able to make a legal argument that babies born to illegal immigrants shouldn&#8217;t have the rights to be citizens.</p>
<p>Lets, for a moment put aside the fact that anchor babies don&#8217;t exist, as people can still be deported if their children are citizens. This is like opposing the DREAM act, it makes no sense to me except as a lens for intolerance.</p>
<blockquote><p>&#8220;And we’re not being mean,&#8221; [Representative Duncan Hunter, Republican of California] told a Tea Party rally in Southern California. &#8220;We’re just saying it takes more than walking across the border to become an American citizen. It’s what’s in our souls.&#8221;</p></blockquote>
<p>What does that even mean? Is the implication there that a child born to illegal immigrants or the immigrants themselves lack some particular element in their soul that allows them to be American? I assume other than a love of liberty, that element of the soul must also be a certain whiteness. I know that I am a crazy progressive, but am I the only one that thinks the entire immigration system was more in line with our values before the quota systems set up by the Immigration Acts of 1921 and 1924? Those acts were based in racism, and it is sad to me that some people in this country are still so backwards and shortsighted that they would prefer to attack people who want to be citizens rather than embrace them.</p>
<p>Why Hunter&#8217;s comments so enrage me is that his ancestors just walked across a border. They moved here once, and through luck, their progeny have ended up as United States Citizens. I am not sure what else he could possible want? How did his ancestors have some certain part of their souls that made them love America, but someone who walks across a desert and almost dies does not? If we were all required to take some sort of test on American history and the Constitution, half the tea party would fail, so I doubt he&#8217;d support that idea. So what? It is just something in our souls, I guess.</p>
<p>This also gets me back to the DREAM act. I cannot think of something more in line with our values: if you work hard and go to college or join the military then we will put you on the path to citizenship. That is the American dream. That is Horatio Alger, except that most of the boys in those stories did not do anything as upstanding as join the military or go to college. I cannot even conceive of a reliable counter-story that makes any sense.</p>
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		<title>The Interesting Math Behind Congressional Reapportionment</title>
		<link>http://theforwardlean.com/2010/12/22/the-interesting-math-behind-congressional-reapportionment/</link>
		<comments>http://theforwardlean.com/2010/12/22/the-interesting-math-behind-congressional-reapportionment/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 17:31:18 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Data]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=150</guid>
		<description><![CDATA[Computational Complexity has a short blog post on the algorithm used to find the new House of Representative&#8217;s apportionment. The method currently in use is called Huntington–Hill method. To give you a snippet of this problems illustrious past: past solutions that were put in practice include those created by Daniel Webster, Thomas Jefferson and Alexander [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://blog.computationalcomplexity.org/2010/12/americas-most-important-algorithm.html" target="_blank">Computational Complexity</a> has a short blog post on the algorithm used to find the new House of Representative&#8217;s apportionment. The method currently in use is called <a href="http://en.wikipedia.org/wiki/Huntington-Hill_method">Huntington–Hill method</a>. To give you a snippet of this problems illustrious past: past solutions that were put in practice include those created by Daniel Webster, Thomas Jefferson and Alexander Hamilton.</p>
<p>Why is it called Huntington-Hill? This <a href="http://www.ams.org/samplings/feature-column/fcarc-apportion2" target="_blank">column</a> I found from the AMS outlines the history of the method. The introduction also puts the problem quite well:</p>
<blockquote><p>We can formulate the [apportionment problem] mathematically as follows:</p>
<p>Given states s1, &#8230;, sn with populations P1, &#8230;, Pn and a positive integer h (think of h as the number of seats in the legislature), determine non-negative integers a1, &#8230;, an where a1 + &#8230; + an = h. (It is customary to think of the value h as given in advance and fixed, since currently the size of the House of Representatives is fixed; however, for some applications one might have the freedom to vary h as part of solving the problem.)</p>
<p>The CAP problem differs from the one above in requiring that each ai be greater than or equal to 1, or more generally (mathematicians like to generalize!) greater than or equal to bi where bi is some positive integer. The Constitution does not specify the h which started at 65 in 1790 and has grown to the now permanent value of 435, though when Alaska and Hawaii were admitted to the Union the value of h rose temporarily to 437.</p>
<p>At first glance the AP problem does not seem hard. If a state has 10 percent of the population and there are 37 items (seats in the parliament, computer systems, libraries, etc.) to apportion, then .10 (37) equals 3.7. In a parliament interpretation, the problem is we can not send 3.7 people to the legislature (though some feel they do not get full representation from whole bodies); 3.7 is not an integer! What should be done with those nuisance fractions? The quota principle (fairness rule) would say, in this example, that 3 or 4 representatives be assigned. With 3 representatives a state would be underrepresented, with 4 it would be over represented, but the method we currently use to apportion the House of Representatives could assign fewer than 3 or more than 4 representatives!</p></blockquote>
<p>The algorithm ultimately devised by Huntington (improving on the work of Hill) <a href="http://www.ctl.ua.edu/math103/apportionment/appmeth.htm">works as follows</a>:</p>
<ol>
<li>Calculate something called the standard divisor, which is the average number of people in each district over the population of the US. That is roughly 309 million divided by 435.</li>
<li>Calculate each state’s standard quota, which is the state&#8217;s population divided by the standard divisor. This is how you get a number like 3.7 above.</li>
<li> For each state, you take the lower rounding bound (3) and the upper round bound (4) and you take the geometric average of them, <img src='http://s.wordpress.com/latex.php?latex=%5Csqrt%7BU%5Ccdot%20L%7D&#038;bg=ffffff&#038;fg=000000&#038;s=0' alt='\sqrt{U\cdot L}' title='\sqrt{U\cdot L}' class='latex' />. Then  you compare the old quota (3.7) and round down if its below this mean and up if its above it. So in this case, the geometric mean is 3.46, and you would round 3.7 up.</li>
<li> Then you add up all of these quotas, and if they equal 435, you&#8217;re done. If they don&#8217;t you repeat step 3 with a smaller or larger divisor than the standard one depending on whether you&#8217;re summed quotas are above or below your goal.</li>
</ol>
<p>A not particularly efficient algorithm for this process is given by Computational Complexity:</p>
<blockquote><p>Input: Pop, a population array for the 50 states.<br />
Output: Rep, a representatives array for the 50 states.</p>
<p>Let Rep[i] = 1 for each state i.<br />
For j = 51 to 435<br />
Let i = arg max Pop[i]/sqrt(Rep[i]*(Rep[i]+1))<br />
Rep[i] = Rep[i]+1</p></blockquote>
<p>This algorithm isn&#8217;t working as I described above, but is using the same method to add individual representatives to the state &#8220;most deserving.&#8221; Its the same method, and actually shows how Huntington-Hill works efficient to change the number of representatives. The Census has a pretty well made video on this whole thing:<br />
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		<title>Census Results In: NY Loses Two</title>
		<link>http://theforwardlean.com/2010/12/21/census-results-in-ny-loses-two/</link>
		<comments>http://theforwardlean.com/2010/12/21/census-results-in-ny-loses-two/#comments</comments>
		<pubDate>Tue, 21 Dec 2010 17:29:21 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Data]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=147</guid>
		<description><![CDATA[The Census Bureau announced that the United States has 308,745,538 earlier this year. More people live west and in the South. NY continued its long relative decline population wise, and will lose two Congressional seats: By that new count, Texas will gain four new seats, Florida will gain two, while New York and Ohio each [...]]]></description>
			<content:encoded><![CDATA[<p>The Census Bureau announced that the United States has 308,745,538 earlier this year. More people live west and in the South. NY continued its long relative decline population wise, and will <a href="http://www.nytimes.com/2010/12/22/us/22census.html" target="_blank">lose two Congressional seats</a>:</p>
<blockquote><p>By that new count, Texas will gain four new seats, Florida will gain two, while New York and Ohio each lose two. Fourteen other states gained or lost one seat. The gainers included Arizona, Georgia, South Carolina, Utah and Nevada, and the losers included Illinois, Massachusetts, New Jersey and Louisiana.</p></blockquote>
<p>Regionally, the northeast grew 3.2%, the Midwest grew 3.9%, the South grew 14.3% and the West grew 13.8%. The electoral map has changed for presidential races, with a net loss of 16 electoral votes in the States Obama <a href="http://www.rollcall.com/news/Obama-Loses-Electoral-College-In-Census-201777-1.html" target="_blank">won in 2008</a>. The US News and World Report blog argues, counterintuitively, that the shift is <a href="http://politics.usnews.com/opinion/blogs/john-farrell/2010/12/21/new-census-data-brings-good-news-for-democrats.html">good for Democrats</a> because the &#8220;Republicans have a problem with minority voters.&#8221;</p>
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		<title>Gauging Impact of Gates Foundation Grants After Five Years</title>
		<link>http://theforwardlean.com/2010/12/21/gauging-impact-of-gates-foundation-grants-after-five-years/</link>
		<comments>http://theforwardlean.com/2010/12/21/gauging-impact-of-gates-foundation-grants-after-five-years/#comments</comments>
		<pubDate>Tue, 21 Dec 2010 13:22:00 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Science]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=143</guid>
		<description><![CDATA[Five years ago, the Gates Foundation put $450 million in to 43 grants designed to address the world&#8217;s largest public health problems. Bill Gates notes in this article, &#8220;We were naïve when we began.&#8221; In 2007, instead of making more multimillion-dollar grants, he started making hundreds of $100,000 ones: That little won’t buy a breakthrough, [...]]]></description>
			<content:encoded><![CDATA[<p>Five years ago, the Gates Foundation put $450 million in to 43 grants designed to address the world&#8217;s largest public health problems. Bill Gates notes in <a href="http://www.nytimes.com/2010/12/21/health/21gates.html?_r=1&amp;hp=&amp;pagewanted=all" target="_blank">this article</a>, &#8220;We were naïve when we began.&#8221; In 2007, instead of making more multimillion-dollar grants, he started making hundreds of $100,000 ones:</p>
<blockquote><p>That little won’t buy a breakthrough, but it lets scientists “moonlight” by adding new goals to their existing grants, which saves the foundation a lot of winnowing. “And,” he added, “a scientist in a developing country can do a lot with $100,000.”</p></blockquote>
<p>The article is mostly about what went &#8220;wrong&#8221; in many of the grants&#8211;including those on dried vaccines, a lab in the box, a better banana, etc&#8211;and you should read it for a fun slice of the ups and downs of science.</p>
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		<title>Jon Stewart Interviews 9/11 First Responders</title>
		<link>http://theforwardlean.com/2010/12/17/jon-stewart-interviews-911-first-responders/</link>
		<comments>http://theforwardlean.com/2010/12/17/jon-stewart-interviews-911-first-responders/#comments</comments>
		<pubDate>Fri, 17 Dec 2010 18:00:53 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[New York City]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=138</guid>
		<description><![CDATA[As my friend Jon said to me in an email &#8220;Watch this episode. I&#8217;ve never seen anything like it.&#8221; In the middle section, Stewart interviews four of the 9/11 first responders: The Daily Show With Jon Stewart Mon &#8211; Thurs 11p / 10c 9/11 First Responders React to the Senate Filibuster www.thedailyshow.com Earlier in the [...]]]></description>
			<content:encoded><![CDATA[<p>As my friend Jon said to me in an email &#8220;Watch <a href="http://www.thedailyshow.com/full-episodes/thu-december-16-2010-mike-huckabee">this episode</a>. I&#8217;ve never seen anything like it.&#8221;</p>
<p>In the middle section, Stewart interviews four of the 9/11 first responders:</p>
<table style="font: 11px arial; color: #333333; background-color: #f5f5f5; height: 353px;" cellspacing="0" cellpadding="0" width="360">
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<td style="padding: 2px 1px 0px 5px;"><a style="color: #333; text-decoration: none; font-weight: bold;" href="http://www.thedailyshow.com" target="_blank">The Daily Show With Jon Stewart</a></td>
<td style="padding: 2px 5px 0px 5px; text-align: right; font-weight: bold;">Mon &#8211; Thurs 11p / 10c</td>
</tr>
<tr style="height: 14px;" valign="middle">
<td style="padding: 2px 1px 0px 5px;" colspan="2"><a style="color: #333; text-decoration: none; font-weight: bold;" href="http://www.thedailyshow.com/watch/thu-december-16-2010/9-11-first-responders-react-to-the-senate-filibuster" target="_blank">9/11 First Responders React to the Senate Filibuster</a><a></a></td>
</tr>
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<td style="padding: 2px 5px 0px; width: 360px; overflow: hidden; text-align: right;" colspan="2"><a style="color: #96deff; text-decoration: none; font-weight: bold;" href="http://www.thedailyshow.com/" target="_blank">www.thedailyshow.com</a></td>
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<tr valign="middle">
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<p><a href="http://www.thedailyshow.com/full-episodes/thu-december-16-2010-mike-huckabee" target="_blank"><br />
</a><br />
Earlier in the show he called <a href="http://www.nytimes.com/2010/12/10/nyregion/10health.html">Senate Republican&#8217;s blockage</a> of the James Zadroga 9/11 Health and Compensation Act “an outrageous abdication of our responsibility to those who were most heroic on 9/11.”</p>
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		<title>A More Holistic View Of Economic Growth</title>
		<link>http://theforwardlean.com/2010/12/16/a-more-holistic-view-of-economic-growth/</link>
		<comments>http://theforwardlean.com/2010/12/16/a-more-holistic-view-of-economic-growth/#comments</comments>
		<pubDate>Fri, 17 Dec 2010 01:02:21 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=133</guid>
		<description><![CDATA[When I was in high school, PBS had a documentary called Commanding Heights. A fine documentary about the history of economic thought and globalization in the 20th century, much better than the book that proceeded it.  (The books predictions and tone got turned upside down by September 11). Ultimately the documentary is  slightly too full-throated [...]]]></description>
			<content:encoded><![CDATA[<p>When I was in high school, PBS had a documentary called <a href="http://www.pbs.org/wgbh/commandingheights/hi/story/index.html" target="_self">Commanding Heights</a>. A fine documentary about the history of economic thought and globalization in the 20th century, much better than the book that proceeded it.  (The books predictions and tone got turned upside down by September 11). Ultimately the documentary is  slightly too full-throated in its defense of globalization. Nonetheless, a comment by Jeffrey Sachs may have been what prompted me to think about development economics for the first time in my life:</p>
<blockquote><p>The world is more unequal than at any time in world history. There&#8217;s a  basic reason for that, which is that 200 years ago everybody was poor. A  relatively small part of the world achieved what the economists call a  modern economic growth. Those countries represent only about one-sixth  of humanity, and five-sixths of humanity is what we call the developing  world. It&#8217;s the vast majority of the world. The gap can be 100-1, maybe a  gap of $30,000 per person and $300 per person. And that&#8217;s absolutely  astounding to be on the same planet and to have that extreme variation  in material well being.</p></blockquote>
<p>I tend to think that economists can be too focused on models of the modern macroeconomics of the developed world when thinking about development. That is why I loved my Theory of Economic Development class at Brown, It included modern models, but Professor Oded Galore is an advocate for thinking about the long-view of economic history, and suggested we read books such as Guns, Germs and Steel. He calls his model Unified Growth Theory (<a href="http://en.wikipedia.org/wiki/Unified_growth_theory">Wikipedia page</a>), and I&#8217;m not sure how much traction it has had among economists. The first paragraph from his <a href="http://www.econ.brown.edu/fac/Oded_Galor/UGT.htm">overview of UGT</a>:</p>
<blockquote><p>The evolution of economies during the major portion of human history was marked by Malthusian Stagnation. Technological progress and population growth were miniscule by modern standards and the average growth rate of income per capita in various regions of the world was even slower due to the offsetting effect of population growth on the expansion of resources per capita. In the past two centuries, in contrast, the pace of technological progress increased significantly in association with the process of industrialization. Various regions of the world departed from the Malthusian trap and experienced initially a considerable rise in the growth rates of income per capita and population. Unlike episodes of technological progress in the pre-Industrial Revolution era that failed to generate sustained economic growth, the increasing role of human capital in the production process in the second phase of industrialization ultimately prompted a demographic transition, liberating the gains in productivity from the counterbalancing effects of population growth. The decline in the growth rate of population, and the associated enhancement of technological progress and human capital formation, paved the way for the emergence of the modern state of sustained economic growth.</p></blockquote>
<p>This is all by way of introducing an interview with <a href="http://www.nationalreview.com/articles/print/253676">Deirdre McCloskey in the National Review</a>. I find her incorporation of dignity and rhetoric as economic drivers to be fascinating. It makes modern economic growth part of a larger historical movement going back to the enlightenment. The article&#8217;s introduction does a good job of closing out my post:</p>
<blockquote><p>Economic history looks, in graphic representation, like a hockey stick. For tens of thousands of years we traced nasty, brutish, and short lives along the shaft. Children anticipated a world no different from their grandparents’. Shakespeare’s audiences had only marginally better lives than Sophocles’. But at the beginning of the 18th century, mankind — beginning with the British and Dutch — hit the blade of that hockey stick, enjoying an unprecedentedly sharp and irreversible upturn in prosperity, life expectancy, and health. Ever since, the world has changed more quickly in every generation than it had previously in millennia. By all criteria, human life has improved in ways unthinkable 300 years ago.</p>
<p>Solving the mysteries of the birth of the Industrial Revolution (and, subsequently, the modern world) has been the primary task and test of economic history. And, according to Deirdre McCloskey, all explanations so far have failed. Those failures, in turn, indicate the failings of modern economics. Her magnum opus, an explanation of the birth and flourishing of the bourgeoisie and its subsequent transformation of the modern world, will occupy at least six volumes. This month, Chicago University Press releases the second installment: Bourgeois Dignity: Why Economics Can’t Explain the Modern World.</p>
<p>Traditional economic models — the ones we find in Econ 101 — center on labor, capital, technology, population, etc. McCloskey’s economics incorporates two more factors: dignity and rhetoric. Economics, she argues, has failed be a humane science that accounts for the ways in which things like human speech — rhetoric — influence the way a society lives and works. After a detailed examination of traditional explanations of economic growth, McCloskey concludes that each is inadequate, and that the only explanation for the peculiar birth of the modern world is speech: At the beginning of the 18th century, people in the Netherlands and Britain began talking about commerce as a good thing — a novelty at that time. They gave dignity to the bourgeoisie. And that drove capitalism, giving birth to the modern world.</p></blockquote>
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		<title>Photos From Old New York</title>
		<link>http://theforwardlean.com/2010/12/16/photos-from-old-new-york/</link>
		<comments>http://theforwardlean.com/2010/12/16/photos-from-old-new-york/#comments</comments>
		<pubDate>Thu, 16 Dec 2010 22:24:32 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[New York City]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=129</guid>
		<description><![CDATA[The Museum of the City of New York has a great new site on old photographs of New York (Kottke via Eater via City Room). A photo of the corner I live on from 1922:]]></description>
			<content:encoded><![CDATA[<p>The <a href=" http://collections.mcny.org/MCNY/C.aspx?VP3=CMS3&amp;VF=MNY_HomePage">Museum of the City of New York</a> has a great new site on old photographs of New York (<a href="http://kottke.org/10/12/old-photos-of-new-york-city">Kottke</a> via <a href="http://ny.eater.com/archives/2010/12/new_swath_of_images_of_old_new_york_dining_released_online.php">Eater</a> via <a href="http://cityroom.blogs.nytimes.com/2010/12/16/photographs-of-old-new-york-go-digital/">City Room</a>). A photo of the corner I live on from 1922:</p>
<p style="text-align: center;"><img class="aligncenter" title="http://collections.mcny.org/Doc/MNY/Media/TR3/5/a/7/a/MNY2411.jpg" src="http://collections.mcny.org/Doc/MNY/Media/TR3/5/a/7/a/MNY2411.jpg" alt="http://collections.mcny.org/Doc/MNY/Media/TR3/5/a/7/a/MNY2411.jpg" width="393" height="308" /></p>
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		<title>$80 Million Fraud Case</title>
		<link>http://theforwardlean.com/2010/12/16/80-million-fraud-case/</link>
		<comments>http://theforwardlean.com/2010/12/16/80-million-fraud-case/#comments</comments>
		<pubDate>Thu, 16 Dec 2010 21:49:32 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[New York City]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=126</guid>
		<description><![CDATA[Yesterday six people were charged with a $80 million fraud case around the City&#8217;s new payroll system called CityTime. I&#8217;m annoyed at a professional level, since as a contractor with the City I think I do good work, and now contractors and their fraud/waste will be a target of criticism. But my immediate question was [...]]]></description>
			<content:encoded><![CDATA[<p>Yesterday <a href="http://www.nypost.com/p/news/local/manhattan/six_charged_in_citytime_rip_off_CpKbE5tdMoitQ0PKvmb8VJ" target="_self">six people were charged</a> with a $80 million fraud case around the City&#8217;s new payroll system called CityTime. I&#8217;m annoyed at a professional level, since as a contractor with the City I think I do good work, and now contractors and their fraud/waste will be a target of criticism. But my immediate question was how can you possibly steal $80m from the City, starting in 2005, and have no one notice. I understand if you have trouble accounting for every nickle and dime, but when a few hundred thousand dollars go missing, doesn&#8217;t someone take notice? The indictment raises questions of the city’s oversight of the CityTime  project, and how this could happen. The program is overseen by the Office of Payroll Administration, which is run by both the mayor’s and comptroller’s offices, but it isn&#8217;t yet clear how one can lose control of a project to such an extent that this much money can go missing and it isn&#8217;t noticed. The WSJ notes that &#8220;The project&#8217;s costs skyrocketed to more than $738 million from $68  million, and in September the city reached an agreement in which it  wouldn&#8217;t make any more payments related to the project.&#8221; Things are going poorly when you have someone steal more money than the whole original project costs. Even worse, when you look at the City&#8217;s <a href="http://www.nyc.gov/html/om/pdf/citywide_org_chart.pdf" target="_self">organizational chart</a>, the office reports directly to the Mayor and Comptroller. Even if the Director of Payroll Administration is incompetent, you would have hoped that someone on the Mayor&#8217;s staff would have noticed a missing $13 million a year.</p>
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		<title>The Bank Job: How Goldman Navigated The Collapse Of September 2008</title>
		<link>http://theforwardlean.com/2010/12/16/the-bank-job-how-goldman-navigated-the-collapse-of-september-2008/</link>
		<comments>http://theforwardlean.com/2010/12/16/the-bank-job-how-goldman-navigated-the-collapse-of-september-2008/#comments</comments>
		<pubDate>Thu, 16 Dec 2010 20:30:06 +0000</pubDate>
		<dc:creator>Zac Townsend</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://theforwardlean.com/?p=123</guid>
		<description><![CDATA[Interesting article from Vanity Fair on Goldman Sachs, the firm&#8217;s history, the crisis, and their minting of money.]]></description>
			<content:encoded><![CDATA[<p>Interesting article from Vanity Fair on<a href="http://www.vanityfair.com/business/features/2010/01/goldman-sachs-200101?printable=true&amp;currentPage=all" target="_blank"> Goldman Sachs</a>, the firm&#8217;s history, the crisis, and their minting of money.</p>
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